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FINANCIAL_SERVICESAMENDED

Michigan State Administrative Board Meeting Minutes May 12 2026

Statewide card payment processing contract with Elavon extended

$50,000,000.00 Amendment (New Total $218,600,000.00)Michigan Department of Technology, Management and Budget|Administrative BoardELAVON INCMay 12, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Description

The committee backed a $50,000,000.00 amendment to Elavon, Inc.’s statewide merchant services contract, bringing the total to $218,600,000.00 and exercising remaining option years through FY31. The agreement maintains debit and credit card processing for state departments.

Contract Details

Contract Amount

$50,000,000.00 Amendment (New Total $218,600,000.00)

Vendor

ELAVON INC

Agency

Michigan Department of Technology, Management and Budget|Administrative Board, MI

Contract Type

FINANCIAL_SERVICES

Document Date

May 12, 2026

Contract Term

FY26–FY31

Renewal Date

2031-09-30

Renewal Info

Remaining option years exercised to continue service through FY31.

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